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also, according George Lane,you want to input the value in half, of
whatever time frame your trading, like Howard said, you don't want to just
go buying/selling on it alone, but used with other stuff, and what you know
and are comfortable with, one can make it work.
and lets hope who ever does find the crystal ball keeps it to themselves..
wouldn't be any fun being right all the time, and I wouldn't be able to love
my losers.
goodtrading / Ted
> The Stockastic indicator can be useful if you
> understand what it does. If a 30 bar stockastic is
> under 20 all the indicator is saying is that the price
> is on the lower extreme of the 30 bar range, and
> nothing else.
> Is that enough to say you want to buy, sell? I would
> say HELL NO. But I have used it often as a method of
> saying "the price is near the thirty bar low".
> Like any other indicator, you need to be aware of what
> the indicator is saying about the data its applied on!
> I have not found (and am pretty sure there are no)
> magic or cristal balls in the technical analysis
> world!
>
> H
>
> --- editorial@xxxxxxxxxxxxx wrote:
> >
> > -- Andy wrote:
> >
> > > Markets changes. Something fundamental changes it
> > and
> > > that changes the technical aspects of the
> > markets...
> >
> >
> > Ok. So why do you propose that a system (the one
> > you posted), which does not change, will continue to
> > work in markets that change?
> >
> >
> > * I wrote: Stochastics based systems are money
> > losing
> > propositions? Is that the end of the study? Is
> > that
> > the depth of one's conclusions? Do I have to ask...
> > WHY don't they work?
> >
> > * Then Andy wrote: Not necessarily the case. I've
> > been making money using an stochastic oscilator
> > based system for several years now.
> >
> >
> > Andy, are we communicating here? The question is
> > not whether the stoch system works or not (!). The
> > question is WHY it works or doesn't work. In your
> > view it works. Fine. WHY does it work?
> >
> >
> > OM
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
>
>
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